589 COLUMBIA RD NW Active Save Request In-Person Tour Request Virtual Tour
Washington,DC 20001
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 7,132 sqft
Price per Sqft $182
Subdivision Columbia Heights
MLS Listing ID DCDC2134032
Style Other
Bedrooms 8
Full Baths 4
Year Built 1980
Annual Tax Amount $10,800
Tax Year 2022
Lot Size 4,791 Sqft
Property Description
Investment Opportunity in Prime Location
Welcome to a prime investment opportunity nestled in the heart of Washington, DC. This four-unit property presents an exceptional chance for savvy investors to capitalize on its potential. Boasting a coveted location and promising possibilities, this property is a diamond in the rough waiting to be polished.
Property Details:
Unit Configuration: Four units, each featuring two bedrooms
Potential for Expansion: Ample space available to comfortably rebuild units into three bedrooms, offering increased rental potential and appeal.
Certificate of Occupancy: The property holds a Certificate of Occupancy for a four-unit building, ensuring compliance and legal status.
Neighborhood Dynamics: The neighboring building has secured a permit for an eight-unit apartment complex, indicating growth and development potential in the area.
Housing Demand: With housing in DC at a premium and Howard University facing shortages in student accommodations, this property offers a timely solution to a pressing need.
Opportunities Abound: This property presents a myriad of opportunities for creative redevelopment or renovation, catering to diverse investment strategies and goals.
Important Note:
Fire Damage Alert: Please be advised that this property has incurred fire damage and is currently deemed unsafe for entry. Exercise caution when exploring the premises.
Home Harmless Agreement: For safety reasons, all individuals entering the property must sign a Home Harmless Agreement, acknowledging the risks associated with the property's current condition.
Location
State DC
County Washington
Zoning RF-1
Interior
Hot Water Natural Gas
Heating None
Cooling None
Exterior
Water Access N
Building
Story 2
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard